CNNW CNN Newsroom October 10, 2011
significant reduction in the american standard of living." their words, not mine. but when you break it down, the reality gets even more troubling. during the recession, the average income slipped by about 3%. but after the recession when the economy was supposed to be picking up, take a look. the average income dropped by nearly 7%, down to $49,909. incomes fell more after the recession ended than they did during the actual recession. as the senate begins debating president obama's jobs bill, perhaps this explains why so many people are angry. and also explains, in part, why occupy ...